Delivery of Conversion Shares Upon Conversion. Not later than the earlier of (i) two (2) Trading Days and (ii) the number of Trading Days comprising the Standard Settlement Period (as defined below) after each Conversion Date (the “Share Delivery Date”), the Company shall deliver, or cause to be delivered, to the Holder (A) the Conversion Shares representing the number of Conversion Shares being acquired upon the conversion of this Debenture and (B) a bank check in the amount of accrued and unpaid interest or it may deliver such sum by wire transfer. As used herein, “Standard Settlement Period” means the standard settlement period, expressed in a number of Trading Days, on the Company’s primary Trading Market with respect to the Common Stock as in effect on the date of delivery of the Notice of Conversion.
Appears in 3 contracts
Samples: Convertible Security Agreement (Brain Scientific Inc.), Convertible Security Agreement (Recruiter.com Group, Inc.), Convertible Security Agreement (Recruiter.com Group, Inc.)
Delivery of Conversion Shares Upon Conversion. Not later than the earlier of (i) two (2) Trading Days and (ii) the number of Trading Days comprising the Standard Settlement Period (as defined below) after each Conversion Date (the “Share Delivery Date”), the Company shall deliver, or cause to be delivered, to the Holder (A) the Conversion Shares representing the number of Shares. The Company shall deliver any Conversion Shares being acquired upon required to be delivered by the conversion of Company under this Debenture and (BSection 4(c) a bank check in electronically through the amount of accrued and unpaid interest Depository Trust Company or it may deliver such sum by wire transferanother established clearing corporation performing similar functions. As used herein, “Standard Settlement Period” means the standard settlement period, expressed in a number of Trading Days, on the Company’s primary Trading Market with respect to the Common Stock as in effect on the date of delivery of the Notice of Conversion.
Appears in 3 contracts
Samples: Convertible Security Agreement (PSQ Holdings, Inc.), Convertible Security Agreement (PSQ Holdings, Inc.), Convertible Security Agreement (PSQ Holdings, Inc.)
Delivery of Conversion Shares Upon Conversion. Not later than the earlier of (i) two (2) Trading Days and (ii) the number of Trading Days comprising the Standard Settlement Period (as defined below) after each Conversion Date (the “Share Delivery Date”), the Company shall deliver, or cause to be delivered, to the Holder (A) the Conversion Shares representing the number of Conversion Shares being acquired upon the conversion of this Debenture and (B) a bank check in the amount of accrued and unpaid interest on the amount of the principal being so converted or it may deliver such sum by wire transfer. As used herein, “Standard Settlement Period” means the standard settlement period, expressed in a number of Trading Days, on the Company’s primary Trading Market with respect to the Common Stock as in effect on the date of delivery of the Notice of Conversion.
Appears in 2 contracts
Samples: Convertible Security Agreement (Theralink Technologies, Inc.), Convertible Security Agreement (Theralink Technologies, Inc.)
